Kadugodi green trends

Under the circular economy mechanism, all the waste output of an industry should be put into an input resource of another industry or internally circulated within a business. The circular model of NesCafe in Viet Nam makes used beans into bricks for construction. — Photo courtesy of the firm While the circular economy has become a trend in developed economies, it could also be implemented to develop Viet Nam if there is an appropriate legal and policy corridor, said experts. At the COP26 Climate Change Summit last year, Prime Minister Pham Minh Chinh said the country would develop and implement strong emission reduction measures to achieve net zero emissions by 2050. Minimising the amount of plastic waste discharged into the environment every year is among the solutions that harmonize the interests of businesses and consumers, the experts said. A circular economy is a concept first used by David Pearce and Kerry Turner in 1990 to refer to a new economic model based on the … [Read more...] about Viet Nam needs a policy corridor to promote circular economy

-What do you think about local garment firms’ inability to dominate the domestic market of 100 million people here in Vietnam? - Vietnamese textile and garment enterprises are still [only beginning to] tap the domestic market. Last year, the domestic market increased by 40% against 2021. Local enterprises performed very well in the first half of last year and began to face difficulties in the third quarter. In the fourth quarter, many good Vietnamese brands like Viet Tien saw sales decrease. In late 2022, the Vinatex Fashion Center retail outlet in Hanoi made revenues of only VND500-600 million ($21,200-25,400) a day, compared with daily revenues of over VND1 billion in previous years. Over the past two years, many domestic fashion brands have reduced their number of stores and limited new openings. They have had to focus on certain locations to reduce costs, optimize operations and try to offer products that are most suitable to consumers’ incomes.In fact, domestic … [Read more...] about Garment firms should tap niche markets: Vinatex chairman

A photo of her university transcripts was widely shared in many beauty pageant community groups at the end of January. The photo showed that Chau did not graduate due to failing to complete the academic requirements. Both the last name and student ID number of that student matched those of Chau. The information caught the attention of netizens but the beauty queen and her management team remained silent. 2022 Miss Universe Vietnam Nguyen Thi Ngoc Chau. Photo by Thanh Hue Netizens think that Chau deceived them into thinking she already graduated from university. Society expects beauty queens to have both physical and intellectual beauty. So in the past, this has led to a great deal of speculation that some beauty pageant contestants have lied about their ages or educational backgrounds. A representative from UniMedia, Ngoc Chau's management company, confirmed Thursday for the first time that Chau had not yet obtained her bachelor's degree. The representative noted … [Read more...] about Miss Universe Vietnam denies lying about education

Workers at a facility of PV Gas. The company's shares fell strongly on Friday, leading the market's downside. — Photo courtesy of the company The market ticked lower on Friday but locked a monthly gain in the first month of 2023 on the back of foreign investors and strong rallies of financial and industrial stocks. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) closed the last trading day of the week at 1,077.15 points, a fall of 0.44 points, or 0.04 per cent. The market’s breadth was neutral as the number of declining stocks on the southern bourse was equal to increasing ones. Liquidity fell over the previous session. Of which, trading value on HoSE reduced slightly to nearly VND10.8 trillion (US$460.1 million), equivalent to a trading volume of over 563.7 million shares. The index’s reversal was due to persistent selling force as some investors continued to take profits after recent rallies. The 30 biggest stocks tracker VN30-Index also went down by 7.78 points, … [Read more...] about Benchmark indices dip slightly on persistent selling force

The event, held by the Ministry of Industry and Trade (MoIT), aimed to promote domestic production and consumption, and expand export markets in 2023. Noting challenges to the sector this year, the Prime Minister said they should be turned into opportunities, contributing to building an economy of independence, self-reliance, and intensive, extensive and effective international integration. The MoIT needs to coordinate with other ministries, agencies and localities to diversify markets, products and supply chains, while accelerating administrative reform, infrastructure construction and institutional building, and promoting the three growth engines of consumption, investment and export, he said. The leader also stressed the importance of digital transformation, green economy, circular economy and climate change response, and urged the ministry to quickly complete the four master plans on electricity, energy, minerals and oil and gas infrastructure. Solutions should be rolled … [Read more...] about Businesses should be development focus: Prime Minister

Ko, now 39, launched himself into a career in the renewables industry about 15 years ago, working on green projects in a dozen countries before returning home to the capital Kuala Lumpur. There he teamed up with two school-friends in 2012 to co-found Plus Xnergy, a company that helps homes, businesses and buildings to develop their own solar power systems or source clean energy supplies from elsewhere. The entrepreneur - who has worked with the likes of furniture retailer IKEA, logistics giant DHL and entertainment conglomerate Sony and has developed six solar farms across Malaysia - said awareness about renewable energy among his country folk is the highest he has known. Nonetheless, Ko and other energy experts warned that Malaysia is trailing its Southeast Asian neighbors on clean energy expansion, as a lack of financial incentives and investment, coupled with red-tape, hold back the big projects needed for the country to meet its ambitious climate goals. "Malaysia is … [Read more...] about Malaysia faces ‘inconvenient truth’ on clean energy goals

The conference on promoting production, domestic consumption and exports in 2023 was held in Ha Noi on February 3. — VNA/VNS Photo Duong Giang At a conference held by the Ministry of Industry and Trade on expanding the export market in Ha Noi on February 3, Prime Minister Pham Minh Chinh emphasised the importance of boosting external activities and fostering bilateral and multilateral cooperation. Deputy Prime Minister, Minister of Natural Resources and Environment Tran Hong Ha and Minister of Industry and Trade Nguyen Hong Dien also attended the conference. Chinh said the ministry should take advantage of the free trade agreements (FTAs) that Viet Nam has joined to help diversify export markets and maintain traditional markets, such as the US, China, the EU, Japan, South Korea and ASEAN. Viet Nam needed to expand its export market to Eastern Europe, the Middle East, South America, South Asia, and Africa and promote supply chain diversification. Negotiations that are … [Read more...] about PM emphasises importance of boosting external activities at export market conference

Vietnam should focus on accelerating urbanization and the development of a network of national smart cities with links with their peers worldwide. Vietnam’s policies on developing smart cities and promoting digital transformation have played a very significant role in the country's socio-economic development, Vice Chairman of the Party Central Committee's Economic Commission Nguyen Duc Hien said at the Vietnam Sustainable Urban Development Forum 2022 held in Hanoi this week. With the theme “Sustainable urban development towards green, smart cities, adaptation to climate change, prevention, and control of natural disasters and epidemics,” the forum is one of the largest which are held annually on urban sustainable development in Vietnam. An overview of the forum. Photo: Nguyen Ngan The vice chairman noted that developing smart cities in Vietnam have only focused on the application of smart-city services, while issues related to smart urban planning and … [Read more...] about Vietnam eyes smart cities and sustainable urban development